Naftogaz expects to finish heating season with 8-9 bcm of gas remaining in storage

Naftogaz Ukrainy plans to finish the 2017/2018 heating season with 8-9 billion cubic meters (bcm) of gas remaining in underground storage facilities.

"If the weather is the way we expect, we will finish [the heating season] with between 8 bcm and 9 bcm remaining in underground storage facilities," Naftogaz chief Andriy Kobolev told journalists on Wednesday.

Naftogaz entirely stopped importing natural gas beginning in February. Gas is now being supplied to Ukraine exclusively by private companies.

"We don't see the need. We have sufficient reserves that we bought back in the summer at a good price," Kobolev said.